Mortgage Broker for Doctors in Sydney
Doctors, specialists, and other eligible medical professionals can access specialist home loan packages in Sydney: up to around 90 to 95% LVR with lenders mortgage insurance waived in eligible cases, saving you thousands of dollars. We compare 30+ lenders, including specialist medico programs, to secure yours at no cost to you.
No cost to you · No obligation · Built around clinical hours
These loans are not always available through standard public home loan products, and eligibility depends on your profession, income, deposit, and lender criteria. With our award-winning expertise and access to 30+ lenders, including specialist medico programs, Australian Financial & Mortgage Solutions can secure the right deal for your career stage, at no cost to you. Any recommendation we make is guided by our values and the Best Interests Duty obligation, with zero commission conflict.
Find out what an eligible medico package could save you. Book a free, no-obligation consultation today.
Book a Free ConsultationWhat's Included in Our Home Loans for Doctors Service
- An LMI waiver eligibility check across 30+ lenders, including specialist medico programs not on public rate cards
- Your profession and AHPRA registration matched against every lender's eligible list, so you apply where you qualify
- A career-stage assessment: intern, registrar, resident, GP, consultant, specialist, or locum
- Borrowing-capacity modelling that accounts for your HECS/HELP debt before you apply
- Specialist packaging of private-practice, ABN, locum, and overtime income for lenders that assess it favourably
- A deposit and LVR strategy, from 5 to 10% deposits with no LMI through to guarantor structures
- Rate, fee, and cashback negotiation on medico packages on your behalf
- All paperwork prepared, packaged, and submitted around your clinical hours, from pre-approval to settlement
What Are Home Loans for Doctors?
Home loans for doctors, often called medico loans, are usually standard home loans with specialist professional package features. Eligible medical professionals may be able to borrow up to around 90 to 95% LVR with lenders mortgage insurance waived, depending on the lender and the applicant's profile.
Lenders typically assess doctors as low-risk borrowers with stable and often high incomes and lower default rates. This allows them to extend home loan perks to certain medical professions that they do not offer to the general public. These policies are not separate loan products, but they do come with specific eligibility criteria, loan limits, and lender rules.
Why Do Lenders Offer Doctors Special Home Loans?
There is no catch here; lenders often offer perks to low-risk borrowers because they simply want to do business with good borrowers. Typically, doctors have among the lowest loan default rates of any profession, paired with stable incomes and strong future earning potential, making doctors desirable long-term loan customers.
However, not every lender offers a medico program, and many vary their eligibility criteria. Having an expert mortgage broker with access to 30+ lenders is an advantage.
Not sure if your profession qualifies? A five-minute chat will tell you.
Book a Free ConsultationWhat Makes Home Loans for Doctors Different?
Doctors and medical professionals may be assessed as low-risk borrowers, giving them access to home loan perks not available to other professionals.
| Feature | Standard Home Loan | Home Loan for Doctors |
|---|---|---|
| Lenders Mortgage Insurance (LMI) | Payable if you borrow with less than a 20% deposit, often tens of thousands | Often waived for eligible doctors, $0 LMI |
| Max LVR without LMI | Around 80% (20% deposit) | May be up to around 90 to 95% (some lenders to 100% with a guarantor) |
| Deposit needed | Typically 20% to avoid LMI | May be as little as 5 to 10% with no LMI |
| Interest rate | Standard advertised rate | Often a professional or medico discount |
| Fees | Standard application and package fees | Often waived or reduced; some cashback offers |
| Income assessment | Standard PAYG assessment | Specialist handling of locum, private-practice, overtime, and ABN income |
| Who is eligible | Anyone who qualifies | AHPRA-registered doctors, dentists, and vets, plus some allied health |
Illustrative and lender-dependent. Exact LVR, discounts, and eligible professions vary by lender and may change.
Which Medical Professionals Qualify?
Eligibility almost always requires you to be AHPRA registered (or registered with the relevant professional body) and employed in an eligible role. However, the exact qualifying list and the maximum LVR vary by lender, so you may get a better deal from one lender than another.
Eligible Professions
Eligible professions for medico packages in Sydney commonly include:
- Medical practitioners: GPs, hospital doctors, specialists, surgeons, anaesthetists, and psychiatrists
- Dentists and dental practitioners
- Veterinarians
- Optometrists
- Pharmacists
- Some allied health professionals
The most generous perks are often given to doctors, dentists, and vets, such as higher LVRs and rate discounts. Other medical professionals may get a narrower waiver. AFMS Group does all the hard work for you; we check every lender's criteria against your employment, registration, and qualifications.
Eligibility by Career Stage
Eligibility for medico home loans also depends on your career stage. Many lenders and specialist broker panels will consider junior doctors, registrars, residents, and newly qualified clinicians if you can provide a current NSW hospital or clinic contract and verified income. Established consultants and GPs practising in New South Wales typically qualify for a wider range of medico-package options and higher LVRs.
Lender rules, property location (including metro Sydney suburbs versus regional NSW), and loan purpose (owner-occupier versus investment) all affect which products and LMI-waiver thresholds are available. Working with an experienced Sydney-based broker who knows local hospital employers, AHPRA documentation expectations, and the NSW property market increases your chances of matching with the right lender and loan structure.
The LMI Waiver Explained: How Much Doctors Save
Lenders mortgage insurance kicks in when a borrower has less than a 20% deposit. It is a one-off premium that protects the lender against the risk of a higher-LVR loan. Usually, LMI costs range between 1 and 5% of the home loan amount, and can sometimes reach up to around 6.5%. That means LMI can range from a few thousand dollars to over $30,000, depending on the size of your deposit. You can read more about how the premium is calculated on Moneysmart.
Eligible doctors can put down less than a 20% deposit and borrow up to around 90 to 95% of the property value (and, in some cases, up to 100% with a guarantor) without paying any LMI. On Sydney property prices, this can save tens of thousands of dollars, which is especially helpful for newly qualified doctors.
Availability and exact LVR limits depend on the lender, your career stage, employment evidence, and loan purpose, so working with an experienced broker who compares multiple lenders maximises your chance of securing the highest LVR without LMI.
How Much Could You Save? (Illustrative)
Sarah, a marketing professional working in Sydney, wants to buy a $1.42 million house. If she puts down a 10% deposit, she needs $142,000 upfront. Under a standard home loan, she could also be hit with LMI of roughly $28,000 to $48,000, depending on the lender and policy. Her total upfront cash could be around $170,000 to $190,000 before legal and other buying costs.
James, a doctor who qualifies for a medico home loan with an LMI waiver, buys the same $1.42 million house. He puts down the same $142,000 deposit, but in an eligible case he may pay $0 LMI, cutting his upfront cost by tens of thousands of dollars. In this example, the medico loan could save him roughly $28,000 to $48,000 straight away, which can make a big difference for a young doctor trying to get into the Sydney market.
This is an illustrative example only and does not constitute financial advice. Premiums and policies vary by lender and change over time.
Doctor Home Loan LMI Savings Calculator
See what an LMI waiver could be worth on your purchase. Enter the property price and your deposit, and the calculator estimates the LMI a standard borrower could pay at your LVR, and what an eligible medico waiver could save you upfront.
Many eligible doctors buy with a 5 to 10% deposit and no LMI.
Your Estimated LMI Saving
Estimates only, not financial advice. LMI premiums vary widely by lender, insurer, loan size, and LVR, and waiver eligibility depends on your profession, career stage, and lender policy. Your free consultation puts exact numbers around your situation.
Want to model repayments too? Try our loan repayment calculator, then bring your numbers to a free consultation.
How Much Deposit Do Doctors Need?
Many doctors and medical professionals may be able to buy with as little as a 5 to 10% deposit and, in eligible cases, avoid paying LMI entirely. Some lenders may also allow a guarantor structure, where a parent or close relative provides additional security for the loan, reducing the deposit needed to as little as zero. Read more about guarantor home loans.
A smaller deposit can mean a larger loan and higher repayments, so it's important to weigh the upfront savings against the ongoing cost. You also do not need to have less than a 20% deposit to benefit from a medico package: some doctors with a full 20% deposit still access better rates or fee discounts.
AFMS Group brokers go beyond simply calculating how much deposit you need to buy a house; we calculate the balance between deposit efficiency and market exposure. If you're still building your deposit, our savings goal calculator can help you map the timeline.
Discounted Rates, Waived Fees, and Other Benefits
Each lender varies the rates and benefits in their doctor home loan packages. Typically, we see the following perks included:
| Perk | What It Means | Why It Matters |
|---|---|---|
| Lower deposit options | Some lenders may allow a 5 to 10% deposit for eligible doctors | Helps doctors and newly qualified practitioners buy sooner without waiting to save 20% |
| LMI waiver | Eligible borrowers may avoid paying lenders mortgage insurance at up to around 90 to 95% LVR | Can save tens of thousands of dollars upfront |
| Discounted interest rates | Some lenders offer lower rates than their public standard pricing | Lowers monthly repayments and long-term interest, helping you pay off your principal faster |
| Higher borrowing power | Lenders may assess doctors more favourably because of stable income and strong earning potential | Can help you buy a more suitable property or borrow sooner |
| Waived or reduced fees | Some programs reduce application, package, or ongoing account fees | Lowers upfront and ongoing loan costs |
| Guarantor options | Some lenders allow family guarantee structures | Can reduce the deposit to zero, in eligible cases |
| Better treatment of income | Some lenders are more flexible with new graduate, registrar, or future earning potential | Useful for newly qualified doctors and early-career specialists |
| Access to specialist policies | Medico loans may not appear on public rate cards and can be reserved for medical professionals | An expert broker can access lender deals not always available to the general public |
Getting your loan structure right for future goals and flexibility can sometimes matter more than any initial perk. Our expert brokers weigh up all perks and drawbacks to help you find the right package for your homeownership goals.
Home Loan Types and Features Doctors Should Know
Our home loan broker expertise is in helping doctors compare the right loan structure for their current and future goals. We help you weigh up lower repayments versus flexibility, so you don't end up in a structure that doesn't suit your plans. For eligible borrowers, we also compare medico packages and potential LMI-waiver options across each loan type:
Variable
More flexibility for extra repayments and offset accounts; suits doctors who want options.
Fixed
Repayment certainty for a set period; suits doctors who want budgeting stability.
Split
A mix of fixed and variable; suits doctors who want both certainty and flexibility.
Offset
Reduces interest by linking savings to the loan; suits doctors with cash buffers or irregular income. See how offset mortgages work.
Redraw
Lets you access extra repayments later; suits doctors who want flexibility without keeping funds in an offset.
Principal and Interest
Repays both interest and the loan balance; suits most owner-occupiers.
Interest-Only
Lower repayments at first; suits many investor doctors.
Package or Basic
Packages bundle perks like fee discounts and extras; basic loans are simpler and usually cheaper, with fewer bells and whistles.
How Much Can Doctors Borrow? Income, HECS, and Private Practice
How much a doctor can borrow depends on salary, HECS/HELP debt, and how your income is structured. HECS/HELP can reduce borrowing power because lenders include the compulsory repayment in serviceability, but the impact varies by lender and your overall income.
PAYG wages are usually the easiest for lenders to assess. However, if you also earn from private practice, ABN work, locum shifts, or contractor arrangements, a medico-friendly lender may look at your income more favourably than a standard bank. Our guides on home loans for the self-employed and low-doc loan pros and cons cover the documentation side in more detail, and current HECS/HELP repayment thresholds are published by the ATO.
That's why the right lender can make a big difference for doctors in Sydney, especially early-career doctors, registrars, and specialists with mixed income sources.
Use our repayment calculator, or book a free 15-minute call to discuss your borrowing capacity.
Book a Free 15-Minute CallWhich Lenders Offer Home Loans for Doctors?
Medico home loan packages are generally available from a mix of major bank specialist divisions, second-tier and non-bank lenders, and dedicated medical-finance lenders. Each sets its own eligible profession list, LVR limits, income rules, and perks.
Not every product or lender is right for every medical professional; the right one depends on your profession, career stage, deposit, income type, and HECS debt. When you partner with AFMS Group, you gain insider knowledge of 30+ lenders' borrowing appetite and rules, including specialist medico programs not always publicly available. We match you with the most generous offer suitable for your financial situation.
Doctor Home Loan Through a Broker vs Going Direct to Your Bank
Your bank may have a specialised medico division and offer you a home loan package for your profession and career stage. However, your bank can only sell you its own products, without a fair comparison of everything available in the market for you.
A specialist mortgage broker analyses and compares 30+ lenders to find the most generous offer for you, and may negotiate professional rates on your behalf. AFMS Group also handles the paperwork, so you're not bombarded with bank emails around your long clinical hours. When weighing up a mortgage broker vs your bank, remember that you gain extra expertise without paying any broker fees; here's what a mortgage broker does at every step.
How to Apply: Step by Step
- Step 01
Free 15-Minute Discovery Call
No obligation. We discuss your profession, goals, and eligibility to understand what you're trying to achieve.
- Step 02
Provide Documents
We gather your AHPRA registration, income evidence, HECS balance, and existing debts to match the right medico package to your situation.
- Step 03
Lender Selection
We assess which medico lenders have a suitable appetite, structure, and eligibility criteria for you.
- Step 04
Package and Submit
We handle the preparation, documentation, and submission as efficiently as possible, so you can focus on your clinical hours.
- Step 05
Approval to Settlement
We're known for fast pre-approvals, so you can get moving on the property. We then manage lender questions through to settlement.
Home Loans for Doctors in Sydney
Lenders can have different levels of borrowing appetite and eligibility criteria across Sydney. If you're buying in the Eastern Suburbs around Prince of Wales and St Vincent's, securing an LMI waiver matters even more, because deposits and loan sizes in this premium area are large. If you're buying in a growth area in Sydney's west, such as around Westmead, it may be advantageous to put down a 10 to 15% deposit to reduce the overall loan size. Budgeting for transfer duty? Our stamp duty calculator gives you the NSW numbers in seconds.
Our director, Andrew Hadjidemetri, has deep knowledge of the Sydney property market and has built a personal property investment portfolio of his own. Our expertise, customer care, and local knowledge are why we were named in the Top 10 Mortgage Brokers in Australia (MPA 2025) and received the MFAA Customer Service Award in 2025.
We can help you find a doctor home loan anywhere in Sydney:
Beyond a Standard Purchase: How Else AFMS Group Helps Doctors
First Home Buyer Doctors
A doctor buying their first home can often combine the medico LMI waiver with first home buyer schemes and stamp duty concessions, getting in sooner with a small deposit.
Investment Property Loans for Doctors
Established doctors frequently build an investment property portfolio, and the LMI waiver plus strong serviceability makes medico investment lending attractive. Negative gearing and other tax considerations make it crucial to get your loan structure right the first time.
Refinancing as a Doctor
Doctors who bought before they knew about medico programs, or who paid LMI at the time, can sometimes refinance their home loan onto a better medico rate and structure. Refinancing may also release equity for an investment or renovation. Our brokers help you assess whether the benefits outweigh the costs involved.
Buying or Fitting Out a Practice
AFMS Group also helps doctors and dentists finance a practice purchase, fit-out, or equipment through our commercial loan broker services. Having the same broker handle both your home and practice loans means the financial risks across each structure are assessed together.
Are There Any Downsides to a Doctor Home Loan?
While lower deposits and LMI waivers give doctors a great advantage, there can be drawbacks beyond the headline perks. We work closely with you to stress test every option, so we can prepare for the potential risks:
Buying Too Soon
With a lower deposit threshold, you may be tempted to buy before you've saved an emergency buffer alongside the deposit.
Overborrowing
Some lenders may offer higher borrowing limits that could strain your budget for repayments.
Planning to Sell Early
With a lower deposit, it takes longer to build equity. If you need to sell early and the property has fallen in value, you may risk owing more than it's worth.
Interest Rate Traps
Not all medico packages carry competitive rate discounts for low-deposit buyers. Without shopping around, you may end up on a higher rate.
Why Doctors Choose AFMS Group
Award-Winning, Director-Led Advice
Our personalised approach and financial experience are why we were named in the Top 10 Mortgage Brokers in Australia (MPA 2025) and received the MFAA Customer Service Award in 2025. Principal director Andrew Hadjidemetri oversees every loan structure personally. See our awards.
30+ Lenders, Including Specialist Medico Programs
We help you get it right the first time. With deep knowledge of 30+ lenders' serviceability, appetite, and eligibility, we find the lenders that suit your career stage, HECS debt, and income.
800+ Five-Star Reviews and $1 Billion+ Settled
We're proud to have helped hundreds of Sydney buyers achieve their property goals, settling more than $1 billion in home loans. With 800+ five-star reviews, our service is built on personalised support, professionalism, and the trust that comes with being ASIC licensed and MFAA members.
No Cost to You, Built Around Clinical Hours
With extended hours from 8am to 8pm Monday to Friday, and weekends by appointment, we work around shifts, on-call, and clinic schedules. Expert advice from an experienced mortgage broker, with zero fees to you.
The Team You'll Be Working With on Your Doctor Home Loan
AFMS Group is principal-led: director Andrew Hadjidemetri personally oversees every medico loan strategy, supported by senior credit adviser Jordan Coelho and finance broker Nicholas Del Duca.
Andrew Hadjidemetri
Jordan Coelho
Nicholas Del Duca
With extended hours seven days, 8am to 8pm, we work around ward rounds, clinics, and on-call. Meet the AFMS Group team.
What Our Clients Say
Speak to a Mortgage Broker for Doctors in Sydney
Find out whether you qualify for an LMI waiver, what your deposit could really achieve, and which of 30+ lenders suits your career stage. A free, no-obligation consultation is the fastest way to get real numbers.
Frequently Asked Questions About Home Loans for Doctors
What Is a Doctor Home Loan?
Home loans for doctors, often called medico loans, are usually standard home loans with specialist professional package features, such as up to around 90 to 95% LVR and waived LMI. Lenders typically assess doctors as low-risk borrowers with stable, high incomes and lower default rates, so they can extend perks that they do not offer to the general public.
Which Medical Professionals Qualify for a Doctor Home Loan?
Each lender has different eligibility criteria for professions and career stages. In general, they include medical practitioners such as GPs, hospital doctors, specialists, surgeons, anaesthetists, and psychiatrists. Some medico packages also include dentists and dental practitioners, veterinarians, optometrists, pharmacists, and some allied health professionals.
How Much Can Doctors Save by Waiving LMI?
Usually, LMI costs range between 1 and 5% of the home loan amount, and can sometimes reach up to around 6.5%. That means a doctor's LMI saving could range from a few thousand dollars to over $30,000, depending on the size of the deposit and the loan.
Can Doctors Get a Home Loan With No Deposit?
Yes, some lenders allow doctors to get a home loan with a zero deposit by using a guarantor. This is usually a parent or close relative who provides additional security and can be liable if you default on your repayments.
Do Doctors Need a 20% Deposit?
No. With a doctor home loan, many medical professionals can secure a home loan with a 5 to 15% deposit, and sometimes a zero deposit with a guarantor.
Can Dentists and Vets Get a Doctor Home Loan?
Yes, many medico loan packages include dentists and veterinarians in their list of eligible medical professions.
Can Registrars, Interns, and Locums Get a Doctor Home Loan?
Yes, they are often included in the eligibility list, but it depends on the lender and how income is documented. Registrars and interns may need to show a clear training pathway, current employment, and eligible professional status, while locums may qualify if their income is consistent enough for serviceability.
Can Self-Employed or Private-Practice Doctors Get a Doctor Home Loan?
Yes, lenders often assess self-employed and private-practice income for doctor home loan eligibility. These income types may require more paperwork than standard PAYG income, such as business financials or tax returns.
Do I Need to Prove I Am a Doctor to Qualify?
Yes. Lenders commonly ask for evidence such as AHPRA registration, an employment contract, pay slips, or proof of professional status, and self-employed doctors may need business financials or tax returns.
Does HECS Debt Affect How Much a Doctor Can Borrow?
Yes. HECS/HELP debt usually reduces how much a doctor can borrow because lenders factor the compulsory repayment into serviceability, which lowers the net income available for the mortgage. Some lenders are more generous than others, and the size of the impact depends on the HECS balance, your income, and the lender's policy.
Is a Mortgage Broker for Doctors Free?
Yes. AFMS Group does not charge mortgage broker fees. We are paid commission by the lender and act under the Best Interests Duty, so our advice costs you nothing.
The information on this page, including calculator outputs and examples, is general in nature and does not constitute advice for your financial situation. Lender eligibility criteria, LVR limits, LMI waiver policies, and government scheme rules change over time; confirm current details with AFMS Group. Speak to a licensed mortgage broker for advice tailored to your circumstances. AFMS Group provides credit assistance only. Australian Credit Licence 389087, Credit Representative 523450. MFAA member.